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Saturday, September 11, 2010

1000 jobs, here and there

Two headlines, next to each other in the Economic Times.

Genzyme plans to cut 1000 jobs over next 15 months - The Economic Times: "BOSTON: Cambridge-based biotechnology company Genzyme, which rejected a $ 18.5 bn takeover offer from French pharma giant Sanofi Aventis, plans to cut 1000 jobs over the next 15 months.

Employees at Genzyme sites across the world were notified about the company's plans to slash workforce through a memo by Genzyme Chief Executive Henri Termeer..."

Punjab & Sind Bank to recruit 1,000 staff this year - The Economic Times: "NEW DELHI: State-owned Punjab & Sind Bank, which has filed papers for a Rs 600 crore initial public offering (IPO), plans to recruit 1,000 more people this year to meet growth objectives.

'We are going to have a second round of recruitment this year of about 1,000 personnel, including officers and specialist officers,' Punjab & Sind Bank Executive Director P K Anand told media.

The bank has just inducted about 700 officers and staff, keeping in view branch expansion plans and vacancies created due to retirement. Of the 1,000 people, 440 would be probationary officers, 260 specialist officers and about 300 clerks, he said..."

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